New Zealand Rural Land Balance Sheet Health
Financial Health criteria checks 0/6
New Zealand Rural Land has a total shareholder equity of NZ$223.1M and total debt of NZ$145.5M, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are NZ$369.8M and NZ$146.7M respectively. New Zealand Rural Land's EBIT is NZ$12.6M making its interest coverage ratio 1.8. It has cash and short-term investments of NZ$1.3M.
Key information
65.2%
Debt to equity ratio
NZ$145.48m
Debt
Interest coverage ratio | 1.8x |
Cash | NZ$1.26m |
Equity | NZ$223.09m |
Total liabilities | NZ$146.74m |
Total assets | NZ$369.83m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NZL's short term assets (NZ$1.6M) do not cover its short term liabilities (NZ$42.7M).
Long Term Liabilities: NZL's short term assets (NZ$1.6M) do not cover its long term liabilities (NZ$104.0M).
Debt to Equity History and Analysis
Debt Level: NZL's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: Insufficient data to determine if NZL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NZL's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: NZL's interest payments on its debt are not well covered by EBIT (1.8x coverage).